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CALIFORNIA WATER SERVICE GROUP（CWT）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
CALIFORNIA WATER SERVICE GROUP的季度营收约是MARCUS CORP的1.1倍（$210.7M vs $193.5M），MARCUS CORP同比增速更快（2.8% vs -3.3%），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 16.6%）
加利福尼亚水务集团是美国公共事业企业，主营饮用水及污水处理服务，是美国第三大上市投资者所有水务公司，通过加利福尼亚、夏威夷、新墨西哥、华盛顿等州的子公司，为约200万民众提供服务。集团成立于1997年，作为加州水务的控股主体，推动业务向美国其他各州拓展。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
CWT vs MCS — 直观对比
营收规模更大
CWT
是对方的1.1倍
$193.5M
营收增速更快
MCS
高出6.0%
-3.3%
两年增速更快
MCS
近两年复合增速
16.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $210.7M | $193.5M |
| 净利润 | $11.5M | — |
| 毛利率 | — | — |
| 营业利润率 | 12.2% | 0.9% |
| 净利率 | 5.4% | — |
| 营收同比 | -3.3% | 2.8% |
| 净利润同比 | -41.0% | — |
| 每股收益（稀释后） | $0.19 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CWTMCS
| Q4 25 | $210.7M | $193.5M | ||
| Q3 25 | $314.1M | $210.2M | ||
| Q2 25 | $256.2M | $206.0M | ||
| Q1 25 | $182.7M | $148.8M | ||
| Q4 24 | $217.8M | $188.3M | ||
| Q3 24 | $306.2M | $232.7M | ||
| Q2 24 | $226.7M | $176.0M | ||
| Q1 24 | $154.9M | $138.5M |
净利润CWTMCS
| Q4 25 | $11.5M | — | ||
| Q3 25 | $61.2M | $16.2M | ||
| Q2 25 | $42.2M | $7.3M | ||
| Q1 25 | $13.3M | $-16.8M | ||
| Q4 24 | $19.5M | $986.0K | ||
| Q3 24 | $60.7M | $23.3M | ||
| Q2 24 | $40.6M | $-20.2M | ||
| Q1 24 | $69.9M | $-11.9M |
营业利润率CWTMCS
| Q4 25 | 12.2% | 0.9% | ||
| Q3 25 | 22.5% | 10.8% | ||
| Q2 25 | 20.2% | 6.3% | ||
| Q1 25 | 12.2% | -13.7% | ||
| Q4 24 | 14.8% | -1.2% | ||
| Q3 24 | 21.8% | 14.1% | ||
| Q2 24 | 21.2% | 1.3% | ||
| Q1 24 | 50.3% | -12.0% |
净利率CWTMCS
| Q4 25 | 5.4% | — | ||
| Q3 25 | 19.5% | 7.7% | ||
| Q2 25 | 16.5% | 3.6% | ||
| Q1 25 | 7.3% | -11.3% | ||
| Q4 24 | 8.9% | 0.5% | ||
| Q3 24 | 19.8% | 10.0% | ||
| Q2 24 | 17.9% | -11.5% | ||
| Q1 24 | 45.1% | -8.6% |
每股收益（稀释后）CWTMCS
| Q4 25 | $0.19 | — | ||
| Q3 25 | $1.03 | — | ||
| Q2 25 | $0.71 | — | ||
| Q1 25 | $0.22 | — | ||
| Q4 24 | $0.31 | — | ||
| Q3 24 | $1.03 | — | ||
| Q2 24 | $0.70 | — | ||
| Q1 24 | $1.21 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $51.8M | $23.4M |
| 总债务越低越好 | $1.5B | $159.0M |
| 股东权益账面价值 | $1.7B | $457.4M |
| 总资产 | $5.7B | $1.0B |
| 负债/权益比越低杠杆越低 | 0.87× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资CWTMCS
| Q4 25 | $51.8M | $23.4M | ||
| Q3 25 | $76.0M | $7.4M | ||
| Q2 25 | $50.5M | $14.9M | ||
| Q1 25 | $44.5M | $11.9M | ||
| Q4 24 | $50.1M | $40.8M | ||
| Q3 24 | $59.6M | $28.4M | ||
| Q2 24 | $37.3M | $32.8M | ||
| Q1 24 | $42.8M | $17.3M |
总债务CWTMCS
| Q4 25 | $1.5B | $159.0M | ||
| Q3 25 | $1.1B | $162.0M | ||
| Q2 25 | $1.1B | $179.9M | ||
| Q1 25 | $1.1B | $198.9M | ||
| Q4 24 | $1.1B | $159.1M | ||
| Q3 24 | — | $173.1M | ||
| Q2 24 | — | $175.7M | ||
| Q1 24 | — | $169.8M |
股东权益CWTMCS
| Q4 25 | $1.7B | $457.4M | ||
| Q3 25 | $1.7B | $454.3M | ||
| Q2 25 | $1.7B | $448.4M | ||
| Q1 25 | $1.6B | $441.8M | ||
| Q4 24 | $1.6B | $464.9M | ||
| Q3 24 | $1.6B | $462.3M | ||
| Q2 24 | $1.5B | $449.4M | ||
| Q1 24 | $1.5B | $459.3M |
总资产CWTMCS
| Q4 25 | $5.7B | $1.0B | ||
| Q3 25 | $5.5B | $1.0B | ||
| Q2 25 | $5.4B | $1.0B | ||
| Q1 25 | $5.3B | $1.0B | ||
| Q4 24 | $5.2B | $1.0B | ||
| Q3 24 | $5.0B | $1.0B | ||
| Q2 24 | $4.9B | $1.1B | ||
| Q1 24 | $4.8B | $1.0B |
负债/权益比CWTMCS
| Q4 25 | 0.87× | 0.35× | ||
| Q3 25 | 0.65× | 0.36× | ||
| Q2 25 | 0.67× | 0.40× | ||
| Q1 25 | 0.68× | 0.45× | ||
| Q4 24 | 0.67× | 0.34× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 0.37× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $47.9M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | — | $26.4M |
| 自由现金流率自由现金流/营收 | — | 13.6% |
| 资本支出强度资本支出/营收 | — | 11.6% |
| 现金转化率经营现金流/净利润 | 4.17× | — |
| 过去12个月自由现金流最近4个季度 | — | $989.0K |
8季度趋势，按日历期对齐
经营现金流CWTMCS
| Q4 25 | $47.9M | $48.8M | ||
| Q3 25 | $167.3M | $39.1M | ||
| Q2 25 | $48.9M | $31.6M | ||
| Q1 25 | $38.4M | $-35.3M | ||
| Q4 24 | $68.1M | $52.6M | ||
| Q3 24 | $101.8M | $30.5M | ||
| Q2 24 | $94.4M | $36.0M | ||
| Q1 24 | $26.5M | $-15.1M |
自由现金流CWTMCS
| Q4 25 | — | $26.4M | ||
| Q3 25 | — | $18.2M | ||
| Q2 25 | — | $14.7M | ||
| Q1 25 | — | $-58.3M | ||
| Q4 24 | — | $27.1M | ||
| Q3 24 | — | $12.0M | ||
| Q2 24 | — | $16.1M | ||
| Q1 24 | — | $-30.5M |
自由现金流率CWTMCS
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | 7.1% | ||
| Q1 25 | — | -39.2% | ||
| Q4 24 | — | 14.4% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | -22.0% |
资本支出强度CWTMCS
| Q4 25 | — | 11.6% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 11.1% |
现金转化率CWTMCS
| Q4 25 | 4.17× | — | ||
| Q3 25 | 2.73× | 2.41× | ||
| Q2 25 | 1.16× | 4.32× | ||
| Q1 25 | 2.88× | — | ||
| Q4 24 | 3.50× | 53.31× | ||
| Q3 24 | 1.68× | 1.31× | ||
| Q2 24 | 2.33× | — | ||
| Q1 24 | 0.38× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CWT
| Residential | $133.2M | 63% |
| Business | $47.7M | 23% |
| Public Authorities | $13.4M | 6% |
| Industrial | $6.9M | 3% |
| Non Regulated Services | $4.8M | 2% |
| Other Non Regulated Service | $1.2M | 1% |
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
